04 May 2017 - MPP Global, a high growth technology business that delivers eSuite, an advanced eCommerce digital monetisation platform with services that empower the media, video, sport and retail sectors to drive revenue from digital and physical products, has completed a £12m ($15M) Series B financing round from Albion Ventures and Grafton Capital.
Based in Warrington, UK, MPP Global counts major global media companies including Sky, News UK, Daily Mail Group, L’Equipe and McClatchy among its clients. MPP Global’s platform, eSuite, converts and retains paid users for its clients, and is unique in its integration of identity management, customer relationship management and automated subscription billing. Global digital media revenues totalled $90 billion in 2016 and are forecast to grow 7 percent per year through to 2020 (Statista).
Building on recent success, the investment will enable MPP Global to expand into new geographic markets and further evolve its eSuite platform. In preparation for the next phase of development, Keith Wallington, the former COO of Mimecast, has joined the business as Chairman.
Paul Johnson [pictured], MPP Global’s CEO and Co-Founder, said, “We are incredibly excited to be embarking on the next chapter of MPP Global’s evolution, embracing new markets and launching a stream of new eSuite features. We welcome Keith to the team as we look forward to raising international awareness of our leading eSuite platform in the United States and Asia Pacific region.” More..